Report: CEXs, ETFs, and Derivatives Dominate Bitcoin Transactions
Glassnode's latest report provides a data-driven assessment of the impact of the "U.S. Strategic Bitcoin Reserve," with key points including:
1. Centralized treasuries—including government agencies, ETFs, and publicly listed companies—currently control 30.9% of Bitcoin's circulating supply, marking a deepening shift toward institutional-grade infrastructure.
2. Centralized exchanges, U.S. spot crypto ETFs, and regulated derivatives platforms now account for over 75% of Bitcoin's adjusted transfer volume, a significant increase compared to previous years.
3. Bitcoin volatility is on a downward trend, and its integration with traditional finance is making price movements more aligned. 4. For sovereign allocators such as strategic Bitcoin reserves, investments have the potential to generate up to 25-fold short-term market cap expansion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
No rate hike in October, another move in December? Fed's "slow rate hike" path against inflation emerges, all eyes on Waller's speech next week
The Federal Reserve is set to announce its latest interest rate decision next Wednesday. The market generally expects the central bank to keep the federal funds rate unchanged, which would signal its patience in combating inflation.
Crypto prices
More
